iBankCoin

Shake Shack Beats Estimates, Reports Amazing SSS; Stock Plummets

These are hamburger assholes. You cannot trust anyone who sells wares designed to cause cardiac events in its customers.

“Come eat at our restaurant. Increase your weight, while decreasing your life expectancy.”

SHAK is my sole common stock position in my personal account, but the size is small like Marco Rubio’s vote total.

SHAK is getting its face pressed to the griddle in the after hours, following an earnings beat and reporting same store sales of +11%, which is outrageously great.

Nevertheless, people don’t give a shit.

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Reports Q4 (Dec) earnings of $0.08 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.07; revenues rose 46.8% year/year to $51.1 mln vs the $50.09 mln Capital IQ Consensus.

Same-Shack sales increased 11.0% for Q4 vs. ests near +7%, on a calendar basis, versus 7.2% growth in the fourth quarter last year.

Co issues in-line guidance for FY16, sees FY16 revs of $237-242 mln vs. $240.54 mln Capital IQ Consensus; same shack sales +2.5-3.0% vs. estimates just above +3%; 13 new domestic Shacks and seven new licensed Shacks.

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7 comments

  1. aformalcat

    No burgers on the ARK.

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  2. Marc David

    Just like last time.. they beat … get hammered. It’s been on a nice run for over a month and this…

    All I know is.. nobody is slimmer when I look around. Gyms are more packed but the overall landscape hasn’t changed.

    I’d assume that Crossfit workout gym-goer just did … 700 calories.. just got negated by the 4 beers and pizza?

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  3. blahblahblah

    I got coupons in the mail today from CMG lolz sorry not interested

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  4. frog

    When I said oil was bottoming a while back, I wish I’d bought a boat load of calls on it.

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  5. pb

    It is not difficult to imagine that LA outfit dumping some (or all) of their big chunk of shares to shore up the rest of their kennel. Seriously, they list the companies they own. Lot of dogs on that list, I think.

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